ARIAN SILVER CORPORATION

Arian Silver Corporation ("Arian") is a silver exploration and development company listed on London's AIM and "PLUS" (ticker "AGQ"), the TSX Venture Exchange (ticker "AGQ") and the Frankfurt Stock Exchange (ticker "I3A"). The management of Arian is committed to building a significant silver and base-metal producer through a combination of development and acquisition opportunities.

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Arian is currently focusing its exploration and development efforts in one of the richest known silver-bearing districts in the world - the Zacatecas State of Mexico. With strong financial backing and a very experienced operations group, Arian offers exposure to investors seeking strong leverage to the price of silver and to silver ounces in the ground.

San Jose Project

Arian has an exclusive option for 100% of its San Jose project which is located in the Zacatecas State of Mexico. The project covers approximately 4,300 hectares ("Ha") and includes the San Jose mine which has the potential for near term underground mechanised mining. The mine was previously operated by Zimapan (Peñoles), 1973-1991, and Monarca, 1993-2001, extracting over 2 million tonnes averaging 250g/t silver, with some base-metal credits. An existing underground development ramp extends three kilometres along the San Jose vein.

The western portion, over four kilometres of strike length, of the San Jose vein remains unexploited as mining activity focused on the eastern part of the vein. Additionally at least two main vein structures are exposed on the property, which have not been explored by modern systematic methods. Arian commenced a 5,000 metre diamond drilling programme in May 2007.

Tepal Project

Arian has an exclusive option for 100% of the Tepal deposit in Michoacán state and has increased its landholdings in the Tepal area to approximately 14,000 Ha. Initial investigation by Arian indicates that the Tepal project consists of four gossanous polymetallic deposits containing copper, gold and silver with potential for additional areas of mineralization.

The project was previously explored in the 1970's and the 1990's by a number of companies including International Nickel Company of Canada Ltd (INCO), Teck Resources Inc (Teck) and Minera Hecla S.A. De C.V. (Hecla). A historical resource, which is not NI-43-101 or JORC compliant, of 1.2 million ounces gold and 430 million pounds of copper was estimated, based on 87 diamond and reverse circulation drill holes totalling 12.6km. Silver was not systematically explored for.

Arian commenced a 3,000 metre drilling programme in April 2007 in order to validate the historical resource and bring it into a NI 43-101 compliant category. The drilling programme is also being conducted to delineate further resources in areas of strong soil geochemistry anomalies.

Calicanto Project

The Calicanto project consists of five mining concessions totalling approximately 74 Ha. The concessions are located in the historic mining district of Zacatecas; an area that has produced in excess of 1 billion ounces of silver.

The Calicanto group of concessions comprises at least four main mineralized vein systems. During 2006 two underground declines were advanced on the Calicanto and Buenaventura vein system and systematic channel samples were taken across the veins. Phase 1 (3000m) drill programme began in December 2006 and was completed in April 2007. Phase 2 will shortly be underway in order to define NI 43-101 compliant resources. The drill programme was designed to test the continuation of the Calicanto vein systems below and along strike of the known historical mine workings, and for disseminated mineralization surrounding the Calicanto Vein. Secondary objectives are to explore the Navada/Vicochea and the El Misie vein systems where surface sampling indicates the potential for additional high-grade silver-gold vein systems.

Drilling to date has confirmed the presence of the Calicanto vein at depth, surrounded by a quartz stockwork zone with disseminated pyrite. Galena (Pb) and sphalerite (Zn) were also observed in places.

Share info:

Principal shareholders:
RAB Special Situation (Master) Fund Ltd ~9%
Directors and executive officers ~21%

Cash: USD$3.2 million at December 31, 2007